ExodusPoint Capital Management LP Trims Position in OGE Energy Corp. (NYSE:OGE)

ExodusPoint Capital Management LP lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 29.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 861,851 shares of the utilities provider's stock after selling 366,455 shares during the period. ExodusPoint Capital Management LP owned about 0.43% of OGE Energy worth $35,551,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. grew its position in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 279 shares during the last quarter. CIBC Asset Management Inc increased its position in OGE Energy by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock worth $249,000 after purchasing an additional 295 shares in the last quarter. Gries Financial LLC increased its position in OGE Energy by 1.7% during the 4th quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider's stock worth $1,274,000 after purchasing an additional 514 shares in the last quarter. UMB Bank n.a. lifted its stake in OGE Energy by 6.7% in the 4th quarter. UMB Bank n.a. now owns 8,209 shares of the utilities provider's stock valued at $339,000 after purchasing an additional 515 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in OGE Energy by 1.0% in the fourth quarter. Arizona State Retirement System now owns 58,296 shares of the utilities provider's stock valued at $2,405,000 after buying an additional 549 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

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OGE Energy Stock Performance

NYSE:OGE traded up $1.09 on Tuesday, reaching $43.33. 324,519 shares of the company's stock were exchanged, compared to its average volume of 1,166,243. OGE Energy Corp. has a 52 week low of $32.37 and a 52 week high of $46.91. The stock has a fifty day simple moving average of $44.26 and a 200-day simple moving average of $42.53. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 3.30 and a beta of 0.57.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 7th will be issued a $0.4213 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.89%. OGE Energy's dividend payout ratio is currently 76.36%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays boosted their price target on OGE Energy from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Finally, LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Monday, March 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $45.67.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.